Eligible Participant definition

Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

Eligible Participant means any person who is an Independent Director on the Effective Date or becomes an Independent Director while this Plan is in effect; except that during any period a director is prohibited from participating in the Plan by his or her employer or otherwise waives participation in the Plan, such director shall not be an Eligible Participant.

Eligible Participant means any employee, director, officer, consultant, or advisor of the Company who is determined (in accordance with the provisions of Section 4 hereof) to be eligible to receive an Option or Stock Award hereunder.

Examples of Eligible Participant in a sentence

• Unless otherwise determined by the Administrator, a Participant shall cease to be an Eligible Participant upon a change in the employment or service relationship (e.g. a change from employee to a consultant).

• Unless otherwise determined by the Committee, the Participant shall continue to be an Eligible Participant upon a change in the employment or service relationship (e.g. a change from employee to a director).

• By way of example, if an Eligible Participant wishes to redeem 100 Trust Units, such Eligible Participant would be required to Surrender 100 Appreciation Certificates and 100 Dividend Certificates.

• Except for applicable tax purposes, nothing set forth in this Agreement shall be construed to constitute the Registered Owners, Beneficial Owners, Eligible Participants, or Depositors from time to time as partners or members of an association, nor shall any Registered Owner, Beneficial Owner, Eligible Participant, or Depositors ever be liable to any third Person by reason of any action taken by the parties to this Agreement or for any other cause whatsoever.

• For the avoidance of doubt, each Redemption Order shall specify the number of Appreciation Certificates and Dividend Certificates subject thereto, and in all such cases, the redemption of a number of Trust Units shall require the Eligible Participant to Surrender an equal number of both Appreciation Certificates and Dividend Certificates, in whole amounts, with a minimum Redemption Order of at least fifty (50) Trust Units.

More Definitions of Eligible Participant

Eligible Participant means an employee (including a leased employee), officer, director or consultant of the Company or any Affiliate.

Eligible Participant means any person who is an Officer, a Director, an Employee or a Consultant, including individuals who are foreign nationals or are employed or reside outside the United States;

Eligible Participant means any employee of the Employer and any Outside Director, subject to such limitations as may be provided by the Code, the Exchange Act or the Committee, as shall be determined by the Committee.

Eligible Participant means any Employee who is eligible to make a Participant Contribution, or an Elective Deferral, if Elective Deferrals are taken into account in the calculation of the Contribution Percentage, or to receive an Employer Matching Contribution (or a Forfeiture thereof) or a Qualified Matching Contribution.

Eligible Participant means any person who is a Non-Employee Director on the Effective Date or becomes a Non-Employee Director while this Plan is in effect; except that during any period a director is prohibited from participating in the Plan by his or her employer or otherwise waives participation in the Plan, such director shall not be an Eligible Participant.

Eligible Participant means any employee (including a director) of, or any consultant to, the Company or an Affiliate of the Company;

Eligible Participant means any Employee who is eligible to make an Employee Contribution, or an Elective Deferral (if the Employer takes such contributions into account in the calculation of the Contribution Percentage), or to receive a Matching Contribution (including forfeitures) or a Qualified Matching Contribution. If an Employee Contribution is required as a condition of participation in the Plan, any Employee who would be a Participant in the Plan if such Employee made such a contribution shall be treated as an eligible Participant on behalf of whom no Employee Contributions are made.